https://www.taxtmi.com/highlights?id=73048 Initiation of CIRP - NCLT rejected the Section 7 Application - There being no material brought on the record to indicate that the amount of Rs.2.6 Crore was advanced by the Appellant in pursuance of any offer of private placement invited by the company. - When the amount advanced cannot be related to Section 42, the applicability of Section 42(6) cannot be pressed - AT en-us Thu, 16 Nov 2023 08:35:46 +0530 Thu, 16 Nov 2023 08:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73048 Initiation of CIRP - NCLT rejected the Section 7 Application - There being no material brought on the record to indicate that the amount of Rs.2.6 Crore was advanced by the Appellant in pursuance of any offer of private placement invited by the company. - When the amount advanced cannot be related to Section 42, the applicability of Section 42(6) cannot be pressed - AT Highlights Insolvency and Bankruptcy Thu, 16 Nov 2023 08:35:46 +0530 https://www.taxtmi.com/highlights?id=73048